Changpeng Zhao, co-founder of Binance, has responded to Elon Musk’s joke about losing his trillionaire status. The leader of the world’s largest cryptocurrency exchange redefined the term « former trillionaire » as « pre-rich, » sparking numerous sarcastic reactions within the crypto community. Elon Musk’s net worth has dropped by over 100 billion dollars, falling below the 1,000 billion threshold. SpaceX, which represents the bulk of his wealth, has seen its stock price decline despite a record IPO launch. Despite this historic decline, Musk remains the world’s richest person.
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